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CITED.AMD.FR.003 PHILIPPINES VERY IMPORTANT BUYER (VIB) APPLICATION PREREGISTRATION 1.APPLICATION CHECKLISTSubmission of the VIB application form does not automatically guarantee the Buyer Application
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Indicate the type of goods or services your business offers.
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Provide a description of your business including its history, experience, and any certifications or accreditations.
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The Philippines Very Important Buyer (VIB) refers to the classification and registration of significant importers or buyers in the Philippines, which is necessary for simplifying customs processes and trade regulations.
Entities or individuals engaged in significant importation activities in the Philippines are required to file as Very Important Buyers.
To fill out the VIB registration, applicants must complete the necessary forms provided by the Bureau of Customs, include required documentation such as business permits and tax identification numbers, and submit them to the relevant authority.
The purpose of the VIB classification is to streamline customs procedures for key importers, enhance trade facilitation, and improve the monitoring of import activities.
Information that must be reported includes the business name, address, contact details, Tax Identification Number (TIN), and specifics of import activities.
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